But it is still possible to find some bargains in this sandbox of the super rich. With that in mind, we set out to find the cheapest home in the Hamptons. Our search led us to a small, two-bedroom house tucked away in the woods of East Hampton.

Source: MLSLI.com

It's got a brand-new interior, with custom cabinets, Carrara marble, new lighting and stainless steel appliances. The siding and windows are new, along with a wooden porch that overlooks a small yard.

The reason it's so cheap? It's a mobile home in a mobile park. So along with your $199,000 you also have to pay around $700 a month in land and usage fees.

Source: MLSLI.com

105-138 Oak View Highway, East Hampton, NY

But still, $199,000 for a place in the Hamptons is unusual. So unusual that John Brady, the broker for the home, said that most of the calls he's getting on the property are from people who can't believe the price.

"Most of the time I get inquiries in which they just want to confirm that this is actually a mobile home because they can't believe the price," he said. "So half the inquiries are 'please confirm that this is true!'"

Brady's also gotten a lot of interested buyers, but no sale yet. He said the closest thing in that price in the Hamptons would be "another $200,000 from this price."

Click here to see some more pictures of the cheapest home in the Hamptons.